Cottonwood Capital Advisors LLC Has $2.44 Million Stock Position in Microsoft Co. (NASDAQ:MSFT)

Cottonwood Capital Advisors LLC decreased its holdings in Microsoft Co. (NASDAQ:MSFT) by 3.7% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,676 shares of the software giant’s stock after selling 220 shares during the quarter. Microsoft accounts for about 1.8% of Cottonwood Capital Advisors LLC’s portfolio, making the stock its 17th largest holding. Cottonwood Capital Advisors LLC’s holdings in Microsoft were worth $2,442,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Core Wealth Partners LLC increased its stake in Microsoft by 1.7% in the third quarter. Core Wealth Partners LLC now owns 19,013 shares of the software giant’s stock valued at $8,181,000 after acquiring an additional 320 shares during the last quarter. Jag Capital Management LLC boosted its holdings in Microsoft by 9.6% in the third quarter. Jag Capital Management LLC now owns 112,770 shares of the software giant’s stock valued at $48,525,000 after acquiring an additional 9,850 shares during the last quarter. Weil Company Inc. raised its stake in Microsoft by 1.2% during the third quarter. Weil Company Inc. now owns 2,136 shares of the software giant’s stock worth $919,000 after buying an additional 26 shares during the last quarter. Addison Advisors LLC boosted its position in shares of Microsoft by 0.8% during the 3rd quarter. Addison Advisors LLC now owns 16,774 shares of the software giant’s stock valued at $7,218,000 after purchasing an additional 131 shares in the last quarter. Finally, GDS Wealth Management grew its position in shares of Microsoft by 5.2% during the 3rd quarter. GDS Wealth Management now owns 43,681 shares of the software giant’s stock worth $18,796,000 after buying an additional 2,142 shares during the period. Institutional investors and hedge funds own 71.13% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. DA Davidson lowered shares of Microsoft from a “buy” rating to a “neutral” rating and set a $475.00 price objective on the stock. in a report on Monday, September 23rd. Royal Bank of Canada restated an “outperform” rating and set a $500.00 price objective on shares of Microsoft in a report on Tuesday, November 5th. Truist Financial reissued a “buy” rating and set a $600.00 target price on shares of Microsoft in a research report on Monday, October 28th. Citigroup dropped their price objective on Microsoft from $500.00 to $497.00 and set a “buy” rating on the stock in a research note on Wednesday, October 23rd. Finally, Wedbush reiterated an “outperform” rating and issued a $550.00 target price on shares of Microsoft in a research note on Tuesday, November 19th. Three investment analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $511.62.

Insider Activity

In other news, CMO Takeshi Numoto sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $414.72, for a total value of $414,720.00. Following the completion of the sale, the chief marketing officer now directly owns 57,511 shares in the company, valued at approximately $23,850,961.92. The trade was a 1.71 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Judson Althoff sold 25,000 shares of Microsoft stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $417.00, for a total value of $10,425,000.00. Following the completion of the transaction, the executive vice president now directly owns 117,294 shares in the company, valued at $48,911,598. This trade represents a 17.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 41,200 shares of company stock worth $17,383,892. 0.03% of the stock is currently owned by corporate insiders.

Microsoft Stock Performance

Shares of MSFT opened at $426.31 on Thursday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.29 and a current ratio of 1.30. The stock has a market capitalization of $3.17 trillion, a price-to-earnings ratio of 35.17, a price-to-earnings-growth ratio of 2.37 and a beta of 0.90. Microsoft Co. has a 52-week low of $384.81 and a 52-week high of $468.35. The stock’s 50-day simple moving average is $429.08 and its 200 day simple moving average is $426.72.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings results on Wednesday, October 30th. The software giant reported $3.30 earnings per share for the quarter, topping the consensus estimate of $3.10 by $0.20. The firm had revenue of $65.59 billion for the quarter, compared to analysts’ expectations of $64.57 billion. Microsoft had a net margin of 35.61% and a return on equity of 34.56%. The business’s quarterly revenue was up 16.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.99 earnings per share. Research analysts forecast that Microsoft Co. will post 12.93 EPS for the current fiscal year.

Microsoft Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th will be given a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a dividend yield of 0.78%. The ex-dividend date of this dividend is Thursday, February 20th. Microsoft’s dividend payout ratio (DPR) is currently 27.39%.

Microsoft Profile

Microsoft Corporation develops and supports software, services, devices and solutions worldwide. The Productivity and Business Processes segment offers office, exchange, SharePoint, Microsoft Teams, office 365 Security and Compliance, Microsoft viva, and Microsoft 365 copilot; and office consumer services, such as Microsoft 365 consumer subscriptions, Office licensed on-premises, and other office services.